Commerzbank: The US dollar remains high, but Trump's remarks limit its gains
ChainCatcher news, according to Golden Ten Data, Michael Pfister, an analyst at Commerzbank, stated in a report that the better-than-expected US non-farm payroll data prompted the market to lower its expectations for Federal Reserve rate cuts, and the US dollar remains at a high level. However, US President Trump has called for further rate cuts, which has to some extent curbed a larger rise in the dollar. He pointed out that Trump's statement contradicts traditional economic theory and may suggest that the scale of future Fed rate cuts could exceed current market expectations.
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